Cords Cable Industries gained 3.77% to Rs 127.85 at 11:22 IST on BSE after the company said it has bagged an export order worth $12 million for supply of power cables for a major project in the Middle East.
The stock hit a high of Rs 131.45 and a low of Rs 121.15 so far during the day. The stock had a 52-week high of Rs 155.60 on
The company’s current equity is Rs 11.43 crore. Face value per share is Rs 10.
The current price of Rs 127.85 discounts its Q4 March 2008 annualised EPS of Rs 16.76, by a PE multiple of 7.63.
The company has to execute the order within a period of six to seven months.
Cords Cable Industries’ net profit rose 65.7% to Rs 4.79 crore on 57.8% increase in net sales to Rs 52.08 crore in Q4 March 2008 over Q4 March 2007.
Cords Cable manufactures cables up to 1.1 kilovolt (KV) for various applications including industrial, utility and buildings.
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